Doing business in Romania: Tax benefits and opportunities for development

Romania is one of the most attractive countries in Europe for doing business. Thanks to favorable tax policy, economic growth and strategic geographical location, this country is becoming the number one choice for many entrepreneurs who want to scale their projects.

Romania creates favorable conditions for entrepreneurs of various scales. In this article, I will talk about the main advantages of doing business in this country and offer practical solutions for getting started.

The InstaDoc team provides comprehensive business support, providing legal work at the enterprise, conducting contractual work and accounting services. More about the "Virtual lawyer" service

Tax benefits of Romania

  1. Low corporate tax rate
    In Romania, corporate tax is 16%. In addition, small businesses with an annual income of up to 1 million euros can choose a simplified taxation system with a tax of 1-3% of income, which significantly reduces the tax burden.

  2. No dividend tax for foreign investors
    Investors from the EU or countries with relevant double taxation agreements can receive dividends without additional tax, which is a significant advantage for multinational corporations.

  3. VAT and tax benefits
    The standard VAT rate in Romania is 19%, one of the lowest in the EU. For exporters or IT companies, there are additional tax benefits, including VAT exemptions for exporting services.

Opportunities for business

  • Strategic location
    Romania is located at the crossroads of trade routes between Europe, Asia and the Middle East. The developed transport infrastructure supports logistics companies and export-oriented business.

  • Access to European funds
    Thanks to EU membership, companies in Romania can receive grants for business development, especially in the fields of energy, IT, and agriculture.

  • Skilled workforce
    A high level of education in the fields of IT, engineering and finance makes Romanian professionals competitive on the European labor market.

How to start a business in Romania?

We cooperate with reliable partners who provide professional and high-quality services for business registration, tax consulting, as well as help with opening bank accounts and preparing the necessary documents.

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Our partners offer:

  • company registration as soon as possible;
  • tax planning based on your business model;
  • legal support in matters of compliance with local legislation.

Why choose Romania?

This country combines economic stability, transparent rules for business and access to one of the largest markets in the world — the EU. Whether you want to launch a new project or expand an existing business, Romania is a promising choice.

Do not put off the development of your business for tomorrow. Contact us to start your journey to success today!

Date of publication: 26.11.2024

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